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OPEC Launches 2021 Edition of its Annual Statistical Bulletin (ASB)

The Organization of Petroleum Exporting Countries (OPEC) has launched its Annual Statistical Bulletin (ASB) for 2021. OPEC Secretary-General Mohammad Sanusi Barkindo, Professor Thomas Lindner of the Executive Academy at the...
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New Refinery to Be Built in Soyo, Angola, by 2024

The Quantem consortium, which includes TGT, Quantem, Aurum & Sharp in the United States and Atis-Nebest in Angola, will invest $3.5 million to establish the country's third-largest oil refinery in...
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Qatar Petroleum Signs Agreement to Supply China with LNG for 15 Years

Qatar Petroleum has agreed to supply 3.5 million tonnes per annum (MTPA) of LNG to CNOOC Gas and Power Trading & Marketing Limited, a subsidiary of China National Offshore Oil...
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OPEC Launches World Oil Outlook (WOO) 2021 in Vienna

OPEC's World Oil Outlook (WOO) for 2021 was released today in Vienna, Austria. The WOO's 15th edition includes an in-depth look at the OPEC Secretariat's continuous examination of the COVID-19...
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Oil Prices Reach Three-year High as Supply Tightens and Demand Rises

Oil prices rose further on Tuesday, with Brent, the global benchmark for more than half of all crude, reaching a three-year high as demand outstrips supply and stockpiles run low....
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President Kenyatta Invites Foreign Investors to Kenya’s Green Energy Sector

President Uhuru Kenyatta of Kenya urged international investors to tap into local green energy opportunities and help Kenya abandon harmful sources of electricity by 2030. He made this known, speaking...
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China to Drill 118,000 Wells in Five Years – Rystad Energy

According to a report by Rystad Energy, China plans to increase oil and gas output in the next years to meet rising local demand and lessen the country's record-high reliance...
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Vitol Predicts Oil Will Trade Above $80 Per Barrel Soon

Vitol Group, the world's largest independent oil trader, anticipates global crude demand to rise by half a million barrels per day this winter as a gas-driven energy shortage prompts a...
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Oil Prices Influenced by ‘Transition Premium’ – OPEC SG

The Secretary-General of the Organization of Petroleum Exporting Countries (OPEC), Mohammed Barkindo, said crude oil prices are affected by a "transition premium" amid the changeover to renewables, as well as...
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Natural Gas in Key to the UAE’s Growth Over the Next 50 Years – ADNOC CEO

The UAE Minister of Industry and Advanced Technology and Managing Director and Group CEO of the Abu Dhabi National Oil Company (ADNOC), Dr Sultan Ahmed Al Jaber, has identified natural...
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